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The captain of a ship tells you that he once experienced a huge tsunami while sailing in the Pacific Ocean several hundred miles from any landmass.You decide that this sounds a little farfetched because __________________.
Specialized Resources
Resources that are uniquely suited for a particular production process or task.
Opportunity Cost
The forfeiture of potential advantages from various alternatives upon choosing one.
Control Over
The authority or power to regulate, direct, or dominate a situation, process, or entity.
Technological Advances
Innovations and improvements in technology that increase productivity and potentially lead to economic growth and development.
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